Erik Gruenwedel 27 August 2024 The special committee of Paramount Global’s board that reviews takeover offers announced late Monday that its extended “go-shop” window for third-party suitors had closed after the rejection of a $6 billion offer from investor Edgar Bronfman Jr. The committee now fully supports a previously existing $8 billion deal with Santa […]
A special committee of Paramount Global’s board of directors tasked with managing the M&A process has declared the end of the “go-shop” phase of the pending merger with Skydance Media and said the transaction will close in the first half of 2025. In a statement issued this evening following the withdrawal of a rival bid […]
Paramount is taking more time before an official handshake with Skydance and is using the additional 15 days granted in the merger agreement to consider another offer – a surprising last-minute offer from Edgar Bronfman Jr., which the heir to the Seagram liquor fortune has just sweetened. Bronfman originally made a $4.3 billion offer on […]
